Business, 26.01.2022 04:10 szambrana

At December 31, 2020, Swifty Corporation had 1192000 shares of common stock outstanding. On October 1, 2021, an additional 391000 shares of common stock were issued. In addition, Swifty had $13960000 of 5% convertible bonds outstanding at December 31, 2020, which are convertible into 805000 shares of common stock. No bonds were converted into common stock in 2021. The net income for the year ended December 31, 2021, was $5280000. Assuming the income tax rate was 30%, what should be the diluted earnings per share for the year ended December 31, 2021, rounded to the nearest penny

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At December 31, 2020, Swifty Corporation had 1192000 shares of common stock outstanding. On October...

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